GBPUSD doing some cycle work calculation and this is a forecast if pound continues to the downside....
I give it a 2 day window either 9-1 or 9-2 and price levels....
These are using MM techniques... but there are other calculation that show it could trend higher....
so its harder to forecast with just 1 reversal bar on 8-26....
PA kissed the 50sma (Res) and has (Sup) 20sma below.... so really it has not done any damage to the upside or the downside.... if you know what I mean
Keep in mind I don't rule out it could be the beginning of swing trade to the downside.....
as for now I'm Neutral waiting too see how PA will act next week.
Gann Analysis
I give it a 2 day window either 9-1 or 9-2 and price levels....
These are using MM techniques... but there are other calculation that show it could trend higher....
so its harder to forecast with just 1 reversal bar on 8-26....
PA kissed the 50sma (Res) and has (Sup) 20sma below.... so really it has not done any damage to the upside or the downside.... if you know what I mean
Keep in mind I don't rule out it could be the beginning of swing trade to the downside.....
as for now I'm Neutral waiting too see how PA will act next week.
Gann Analysis
